Kodak Getting Into Bitcoin Mining | Crypto News

Kodak, a legacy photography firm synonymous with the final century, is to initiate its own cryptocurrency, Kodakcoin. Now not relate with preserving an ICO, the firm has also made up our minds to rep into cryptocurrency mining in what’s been interpreted as a determined present to pause relevant. The news, unveiled at CES 2018 on Wednesday, goes down as one in every of the strangest reviews but in a month that’s been stuffed with crypto oddities.

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Kodak Enjoys Its Kodak Moment

In a week within the future of which an altcoin for the dental industry neared a $2 billion market cap and messaging app Telegram unveiled a 132-page white paper, the thought of Kodak launching its own ICO doesn’t seem that unfamiliar. Reinventing itself as a cryptocurrency mining agency into the slice ticket even though is a curveball that no one noticed coming.

CES is the technology world’s smartly-behaved and glitziest match of the one year, hosted in Las Vegas and boasting cutting-edge original equipment from industry leaders much like Samsung and Sony. After which there’s Kodak, a firm that by someone’s reckoning used to be final relevant all around the time that Instamatic cameras had been the most smartly-liked tech. But to the chagrin of the opposite exhibitors at CES on Wednesday, Kodak stole the display cloak.

Kodak, Meet Crypto

The news that the Eastman Kodak Firm, founded in 1888, used to be jumping on the cryptocurrency bandwagon would possibly per chance well also soundless have faith reach as a total shock. It says one thing about the hot news cycle that the epic, accompanied by news of Kodak’s inevitable allotment ticket leap, used to be greeted by puny bigger than a shrug. The tokenized project the firm are launching, for what it’s value, sounds admire a Shutterstock duplicate, with added permissions. And a blockchain obviously, because 2018.

Desperate no longer to change into the next Kodak, Kodak has made up our minds to rep into cryptocurrency.

But what to invent of the firm’s foray into cryptocurrency mining? As if making an are trying to tick off every cliche within the crypto handbook, Kodak has declared that it’ll beginning up renting out bitcoin miners to the final public. The miners it demoed seem like Bitmain mining rigs with a Kodak sticky label appended, suggesting that the total contrivance would possibly per chance well also were all of sudden cobbled collectively. This belief used to be bolstered by the revelation that the Kodacoin website used to be perfect registered on January 2.

Mining for Headlines

To display cloak its pork up for its original mining operation, Kodak announced plans to put in a rig

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Original Source: Bitcoin News

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